To fund scholarships at the Leonard N. Stern School of Business of New York University.

To promote a public forum where those interested in the study of finance and economics can exchange ideas.

To perpetuate the memory and ideals of Dr. Marcus Nadler.

Nadler rose to prominence in the years after the stock market crash in 1929, and played an important role in challenging the intellectual paralysis and profound loss of confidence that beset the financial industry at that time.

“Old Doc Nadler’s Remedy” – developed to counter the pessimism that haunted the financial marketplace – still resonates today. He said:

You’re right if you bet that the United States Economy will continue to expand.

You’re wrong if you bet that it is going to stand still or collapse.

You’re right if you bet that men in business, labor and government are sane, reasonably well informed and essentially decent people who can be counted on to find common ground among all their conflicting interests and work out a compromise solution to the big issues that confront them.

You’re wrong if you bet that any one element of our society is going to ruin or wreck the country.

The Money Marketeers continues the tradition of challenging market participants to enhance their professional understanding of the forces that move markets.

Our Founder – Dr. Marcus Nadler (1895-1965)

Dr. Nadler rose to prominence in the years after the stock market crash in 1929, and played an important role in challenging the intellectual paralysis and profound loss of confidence that beset the financial industry at that time. “Old Doc Nadler’s Remedy” – developed to counter the pessimism that haunted the financial marketplace – still resonates today. He said:

You’re right if you bet that the United States Economy will continue to expand

You’re wrong if you bet that it is going to stand still or collapse

You’re right if you bet that men in business, labor and government are sane, reasonably well informed and essentially decent people who can be counted on to find common ground among all their conflicting interests and work out a compromise solution to the big issues that confront them

You’re wrong if you bet that any one element of our society is going to ruin or wreck the country

During the 1930’s, Dr. Nadler began conducting finance classes centered on the precepts above. These classes were for students and practitioners of all levels, fostering lively conversation and forming the basis for one of the most unusual economic clubs in the city – The Money Marketeers of New York University.

Today, The Money Marketeers continues the tradition of challenging market participants to enhance their professional understanding of the forces that move markets.

Biographical Highlights

Once a penniless immigrant, Dr. Marcus Nadler became a renowned teacher and a much admired and respected economic adviser to bankers, businessmen and policy makers. A native of Austria, Dr. Nadler served in the Austrian army, was wounded and captured by Cossacks in the Ukraine, and spent years in Siberian prison camps before heading for America. He worked his way through an economics course at Columbia University at such a pace that his Professor H. Parker Willis, author of the Federal Reserve Act, sent Nadler to Washington to serve on the research staff of the Federal Reserve Board. He came back to New York to study law at NYU, then returned to Washington to serve as Chief of the Foreign Division of the Board of Governors of the Federal Reserve until around 1927 when he was invited to join NYU’s Faculty of Business as Research Director of the newly created Institute of International Finance.

When the stock market crashed in 1929 and the banking system collapsed, it was Dr. Nadler who guided a whole generation of bankers and financiers past their panic to a new world of finance. With his reputation as a major forecaster established, Dr. Nadler’s following quickly outgrew the small classroom at NYU. Twice a week, in a large penthouse auditorium overlooking the financial district, hundreds of his “students” would gather, some seeking college credit but most already at or near the top of their profession – presidents, vice presidents, partners and policy-level executives of every major bank, insurance company and brokerage house in New York.